Sturm, Ruger & Company (RGR) Q4 2025 earnings summary

Executive summary

• Navigated a challenging year for the firearms industry, marked by inflation, constrained consumer spending, and normalized demand after prior elevated years.

• Leadership transition completed, with a new CEO and a refreshed board focused on operational excellence and long-term strategy.

• Fourth quarter net sales reached $151.1 million, up 3.6% year-over-year, with full-year net sales at $546.1 million, a 1.9% increase from 2024.

• Launched 65 new models in Q4, including three new platforms, driving strong consumer demand and outperforming the broader market.

Financial highlights

• Q4 net sales rose 3.6% year-over-year to $151.1 million; full-year net sales up 1.9% to $546.1 million.

• Q4 diluted EPS was $0.21 ($0.26 adjusted); full-year net loss of $0.27 per share ($0.84 adjusted).

• Gross profit for 2025 was $81.2 million, down from $114.4 million in 2024.

• Cash from operations totaled $54.3 million in 2025; ended year with $92.5 million in cash and no debt.

• Returned $36.2 million to shareholders via $10.1 million in dividends and $26 million in share repurchases.

Outlook and guidance

• Expecting a flat-to-down industry environment in 2026; focus remains on sustaining top-line performance and protecting market share.

• Plans to expand operating margins through disciplined cost alignment and structural efficiency.

• Continued emphasis on innovation, with multiple new firearm platforms and accessory expansions planned.

• Management remains focused on improving profitability, aligning manufacturing with demand, and investing in future growth.